Wix Results Presentation Deck slide image

Wix Results Presentation Deck

Collections per new subscription increased for the third consecutive quarter and was 14% higher than at the end of last year due to a greater mix of subscriptions with a vertical application attached and increasing App Market purchases. Exceeded high end of guidance ranges with strong top-line growth and record Adjusted EBITDA. Collections continued to grow in excess of 40% year over year while exceeding the top end of our outlook and setting a new record. Adjusted EBITDA was positive for the sixth consecutive quarter, to a record $11.4 million, and we continued to generate positive free cash flow. Our unique combination of scale, high-growth and positive cash flow is a direct result of continued product innovation and marketing execution. Strong initial results from Wix ADI. We made Wix ADI available in English to all users globally in late August. Since the release, we have seen an improvement in our overall conversion rate, as well as a dramatic reduction in the time it takes our users to build a website on Wix. In addition, we have seen a meaningful increase in adoption of our vertical applications. We continue to make enhancements to the product and are even more excited by the potential of Wix ADI than we were when we first unveiled it publicly. US business accelerated and we continue to take greater market share. Collections growth in the US accelerated to 48% year over year as we took additional market share from our competitors. Our largest market is stronger than ever as our brand and superior technology platform continues to resonate strongly with small businesses. Strong beat drove a significant increase in annual financial outlook. We are on a significantly higher trajectory than we expected at the beginning of the year when we introduced our full year guidance and are increasing our full year outlook by a significant margin. Our consistent outperformance is proof that Third Quarter Financial Performance Actual Results $75.6 million $87.3 million $11.4 million GAAP Revenue Collections Adj. EBITDA Prior Guidance $72-73 million $83-84 million $9-10 million Wix.com
View entire presentation